Rhumbline Advisers lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,151 shares of the business services provider’s stock after selling 784 shares during the period. Rhumbline Advisers owned approximately 0.12% of Euronet Worldwide worth $5,867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock valued at $4,332,000 after buying an additional 18,089 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock valued at $461,000 after buying an additional 137 shares in the last quarter. Geneva Advisors LLC boosted its position in Euronet Worldwide by 6.5% in the first quarter. Geneva Advisors LLC now owns 54,789 shares of the business services provider’s stock valued at $4,686,000 after buying an additional 3,344 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Euronet Worldwide by 2.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,967 shares of the business services provider’s stock valued at $4,615,000 after buying an additional 1,075 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Euronet Worldwide by 2.6% in the first quarter. American Century Companies Inc. now owns 4,878 shares of the business services provider’s stock valued at $417,000 after buying an additional 124 shares in the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

Shares of Euronet Worldwide, Inc. (EEFT) opened at 97.32 on Wednesday. The company has a 50 day moving average price of $94.06 and a 200-day moving average price of $86.96. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $97.92. The firm has a market capitalization of $5.11 billion, a PE ratio of 31.41 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The business had revenue of $536.60 million during the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.

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Several research analysts have recently issued reports on EEFT shares. Lake Street Capital started coverage on Euronet Worldwide in a research report on Monday, June 26th. They set a “buy” rating and a $96.00 price objective for the company. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, July 17th. DA Davidson started coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Finally, BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $100.20.

In other news, CEO Juan Bianchi sold 18,126 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the transaction, the chief executive officer now owns 9,534 shares of the company’s stock, valued at $839,087.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nikos Fountas sold 20,789 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $96.72, for a total transaction of $2,010,712.08. The disclosure for this sale can be found here. Insiders have sold 126,883 shares of company stock valued at $11,968,683 in the last ninety days. 7.70% of the stock is owned by company insiders.

About Euronet Worldwide

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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